Oklahoma › Management of companies (holding companies) › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Williams Pension Plan
Sponsored by The Williams Companies, Inc., Tulsa, OK
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
The Williams Companies, Inc. of Tulsa, Oklahoma sponsors Williams Pension Plan, a cash balance pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 10,822 participants (3,178 active) and $1.35B in net assets.
Net assets came to $125,055 per participant, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $94,230 median for defined benefit plans in management of companies (holding companies). The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 11 service provider organisations paid $5,000 or more, with reported compensation of $3.0M: $276 per participant, above the same-size median of $232. Administrative expenses charged to the plan were $4.1M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $573M in 2009 to $1.35B in 2024 (up 136%), and participants from 7,837 to 10,822 (up 38%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $125,055 | $87,623 | $94,230 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $14,787 | $10,244 |
| Schedule C compensation per participant | $276 | $232 | $326 | $344 |
| Schedule C compensation, share of net assets | 0.22% | 0.30% | 0.39% | 0.42% |
| Administrative expenses per participant | $380 | $396 | $519 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), management of companies (holding companies) (97) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 10,822 | $1.35B | $125,055 | — | — | $3.0M |
| 2023 | 11,191 | $1.33B | $118,923 | — | — | $883K |
| 2022 | 7,141 | $878M | $122,937 | — | — | $775K |
| 2021 | 7,333 | $1.04B | $141,775 | — | — | $819K |
| 2020 | 7,524 | $1.05B | $139,205 | — | — | $1.1M |
| 2019 | 7,904 | $1.02B | $128,516 | $10.0M | — | $1.1M |
| 2018 | 7,830 | $920M | $117,475 | $44.0M | — | $1.4M |
| 2017 | 8,037 | $999M | $124,256 | $70.0M | — | $1.6M |
| 2016 | 10,443 | $986M | $94,381 | $50.0M | — | $1.0M |
| 2015 | 10,557 | $965M | $91,439 | $50.0M | — | $1.0M |
| 2014 | 9,343 | $987M | $105,670 | $50.0M | — | $1.0M |
| 2013 | 8,615 | $926M | $107,490 | $56.0M | — | $885K |
| 2012 | 8,257 | $800M | $96,947 | $70.8M | — | $930K |
| 2011 | 8,050 | $690M | $85,765 | $49.9M | — | $914K |
| 2010 | 7,787 | $670M | $86,043 | $45.7M | — | $868K |
| 2009 | 7,837 | $573M | $73,149 | $65.7M | — | $999K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$1,330,867,967
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$106,302,058
- Benefits paid$74,166,068
- Administrative expenses$4,114,854
- Total expenses$78,280,922
- Net income$28,021,136
- Net transfers−$5,539,037
- Net assets, end of year$1,353,350,066
Participants
- Active participants3,178
- Retired or separated, receiving benefits3,185
- Retired or separated, entitled to future benefits3,465
- Total participants, end of year10,822
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Mercer Investments LLC | Consulting (general); Named fiduciary | $837,016 | $0 |
| Fidelity Employer Services Company | Contract Administrator; Recordkeeping and information management; Participant communication; Other services | $807,355 | $0 |
| Aon Consulting, Inc. | Actuarial; Consulting (pension); Other services | $296,362 | $0 |
| Prudential Trust Co. | Investment management; Named fiduciary | $254,272 | $0 |
| Nisa Investment Advisors LLC | Investment management; Named fiduciary | $224,458 | $0 |
| Bokf, NA DBA Bank of Oklahoma | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Trustee (directed); Investment management; Named fiduciary; Other services | $176,228 | $0 |
| MetLife Investment Management LLC | Investment management; Named fiduciary | $130,287 | $0 |
| Income Research + Management | Investment management; Named fiduciary | $86,678 | $0 |
| Acadian Asset Management LLC | Investment management; Named fiduciary | $84,091 | $0 |
| Ninety One North America, Inc. | Investment management; Named fiduciary | $60,131 | $0 |
| State Street Global Advisors Trust | Custodial (other than securities); Custodial (securities); Investment management; Named fiduciary | $29,358 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$1,706,478
- Other administrative expenses$1,128,431
- Recordkeeping fees$807,355
- Actuarial fees$296,362
- Trustee and custodial fees$176,228
- Total administrative expenses$4,114,854
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$798M · 58.8%
- Corporate debt instruments$338M · 24.9%
- U.S. Government securities$85.3M · 6.3%
- 103-12 investment entities$61.0M · 4.5%
- Cash (interest and non-interest bearing)$33.3M · 2.5%
- Other investments$21.5M · 1.6%
- Corporate stocks$13.3M · 1.0%
- Receivables$6.4M · 0.5%
- Insurance company general account$1,176 · 0.0%
- Registered investment companies (mutual funds)$522 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmErnst & Young, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $40,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1CCash balance or similar plan1ABenefits are primarily pay related1ECode section 401(h) arrangement3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 551112: Offices of Other Holding Companies.
Other plans of The Williams Companies, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| The Williams Investment Plus Plan | 7,451 | $1.98B |
Similar plans in Oklahoma
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Oge Energy Corp. Retirement Plan | Oge Energy Corp. | 2,314 | $260M | $112,332 |
| Qep Resources, Inc. Retirement Plan | Diamondback E & P LLC | 210 | $84.3M | $401,512 |
Defined benefit plans in management of companies (holding companies) closest in size.
Questions and answers
How big is Williams Pension Plan?
10,822 participants at the end of the plan year ending 31 Dec 2024, of whom 3,178 were active employees, with net assets of $1,353,350,066. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does The Williams Companies, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $2,986,236 in compensation to service provider organisations, $276 per participant or 0.22% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $4,114,854. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is The Williams Companies, Inc.. Recordkeeping or administration: Fidelity Employer Services Company. Investment advisory or management: Prudential Trust Co., Nisa Investment Advisors LLC and Bokf, NA DBA Bank of Oklahoma. Trustee or custodian: Bokf, NA DBA Bank of Oklahoma and State Street Global Advisors Trust. The financial statements were audited by Ernst & Young, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 8 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 73-0569878, plan 001, received 8 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.